• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for T Rowe Price (NASDAQ:TROW)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in T Rowe Price (NASDAQ:TROW) based on the price action in the company's shares. Today's price range of $70.99 and $71.71 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of T Rowe Price may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

T. Rowe Price Group Inc. is a financial services holding company. The Company, through its subsidiaries, provides investment advisory services to individual and institutional investors. T. Rowe manages a broad range of U.S. and international stock, blended asset, bond, and money market mutual funds and other investment portfolios.

T Rowe Price (NASDAQ:TROW) has potential upside of 2.5% based on a current price of $71.00 and analysts' consensus price target of $72.75. T Rowe Price shares should first meet resistance at the 200-day moving average (MA) of $72.32 and find additional resistance at the 50-day MA of $73.70.

Over the past year, T Rowe Price has traded in a range of $62.97 to $82.50 and is now at $71.00, 13% above that low. The 200-day and 50-day moving averages have moved 0.12% lower and 0.63% higher over the past week, respectively.

SmarTrend is tracking the current trend status for T Rowe Price and will alert subscribers who have TROW in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle t rowe price

Ticker(s): TROW